Major news ahead include ECB interest rate decision at 7.45pm (GMT+8) and US Initial Jobless Claim at 8.30pm (GMT+8).
EURUSD – We remain fundamentally bearish on this pair. We continue to look for opportunities to sell on rallies. Our scalpers are doing short scalp below 1.1050 and long scalp below 1.1000, above or below which risk of breakouts. Trade with caution with major euro and dollar news ahead.
GBPUSD – We remain undecided on this pair especially after the Brexit aftermath. We recommend waiting for the ECB Monetary policy statement and press conference later today at 8.30pm (GMT+8). This is the first ECB meeting after Brexit.
AUDUSD – We remain fundamentally bearish on AUDUSD. Watching out from the sidelines.
USDJPY – We recommend selling on rallies. Trade with caution as upward trend may take control.
USDCAD – Short above 1.3080. Watch out for break above 1.31.
EURGBP – We remain fundamentally bearish on EURGBP. Sell on rallies.
EURNZD – We remain fundamentally bearish on EURNZD. High volatility on this pair warrants caution.
EURJPY – We remain fundamentally bearish on EURJPY. Trade with caution due to high volatility. Short on rallies, exit early to reduce exposure as risk of breakout above 120 weekly remain possible.
Trade safe, and do feel free to share your trade ideas below too! 🙂